Welcome to our dedicated page for 1606 news (Ticker: CBDW), a resource for investors and traders seeking the latest updates and insights on 1606 stock.
1606 Corp. (CBDW) is a Nevada-based AI company whose public communications emphasize AI chatbots, AI-powered investor relations tools, and advanced AI solutions. The company’s news flow highlights developments in AI technology, corporate strategy, capital commitments, and partnerships that relate to both software and infrastructure for AI and data center operations.
Recent press releases describe 1606 Corp. as a pioneer in AI-powered investor relations, with an AI chatbot launched in early 2024 that provides insights into thousands of publicly traded companies using access to financial filings, press releases, and corporate disclosures. News items cover enhancements to this IR-focused chatbot, its use of platforms such as Microsoft Azure and Copilot with ChatGPT integration, and the company’s efforts to offer similar AI-powered IR tools to other organizations.
Investors following CBDW news will also see updates on strategic partnerships and corporate transactions. 1606 Corp. has announced a strategic partnership with GPO Plus, Inc. to supply AI-driven services that enhance the PRISM+ logistics and inventory management platform for gas stations and convenience stores. News coverage includes details on AI development and optimization, data integration and analytics, edge computing, and performance monitoring services that 1606 Corp. plans to provide under this agreement.
Additional news focuses on mergers and acquisitions and capital formation. The company has reported a non-binding LOI with a private group focused on acquiring waste management companies, a nonbinding acquisition term sheet with Sim Agro Inc. for a proposed controlling interest, and a $6 million Investment Commitment Letter from ENMAS EPC Power Projects Limited intended to support potential power plant acquisitions and AI-ready data center infrastructure. Filings and press releases also discuss the company’s transition to the OTCID tier, timely 10-K and 10-Q filings, and attendance at investment conferences as part of its growth and visibility strategy.
This news page aggregates these disclosures, allowing readers to track 1606 Corp.’s AI product updates, strategic partnerships, financing commitments, and regulatory milestones in one place.
1606 Corp (OTC: CBDW), a CBD wellness company, will participate in the Roth Investor Conference from March 12-14, 2023. CEO Greg Lambrecht plans to meet with investment bankers and retail investors to discuss capital provisions. The Roth Conference is a prominent event for small-cap companies, featuring company presentations and management meetings. 1606 Corp aims to uplist to a national exchange within 24 months, supported by its acquisition-based strategy and a portfolio of over 45 retail CBD products. The company is DTC eligible, meaning its shares are freely tradable under U.S. regulations.
On March 8, 2023, 1606 Corp (OTC: CBDW) announced the signing of a definitive letter of understanding to acquire 51% of the Indian nutraceutical firm, Sanctum Herbal Corp, for $7.2 million in cash and stock. The acquisition aims to enhance CBDW's revenue and expedite its listing on a national exchange. The deal includes exclusive international distribution rights and access to $7 million in inventory, targeting markets in the US, Mexico, and India for Q2 2023. The partnership promises collaboration with a team of esteemed scientists to develop organic nutraceutical products efficiently.
1606 Corp (OTC: CBDW) has successfully completed the acquisition of 51% of Brio Nutrition, a profitable CBD development and distribution company, significantly enhancing its product lineup with over 45 new offerings. Brio Nutrition reported revenues of approximately $760,000 in 2021, with expectations for substantial growth following this partnership. The collaboration allows 1606 Corp to leverage Brio's customer data and distribution channels for cross-marketing efforts. CEO Greg Lambrecht highlighted that this acquisition aligns with their strategy to expand and capitalize on the growing CBD market, aiming for a NASDAQ listing within the next 24 months.
1606 Corp (OTC: CBDW), an acquisition-driven CBD firm, announced significant developments after its first month of trading under the CBDW ticker. The company secured inventory for an additional 2,500 stores and awaits the finalization of an agreement to acquire 51% of Brio Nutritionals. With $20 million in financing available for acquisitions, management is optimistic about future growth. Participation in the Total Product Expo in Las Vegas has opened new acquisition discussions. The CBD industry is projected to grow significantly in 2023, suggesting a promising environment for 1606 Corp's strategic initiatives.
1606 Corp (OTC: CBDW) announced an Equity Financing Agreement with GHS Investments LLC, providing up to
On February 6, 2023, SinglePoint announced the trading launch of its spinoff, 1606 Corp. (OTC:CBDW), which was formed as a 1-for-1 distribution to shareholders of SinglePoint. 1606 Corp. focuses on health and wellness products, consolidating the fragmented CBD industry through acquisitions. CEO Wil Ralston expressed optimism about the spinoff, citing opportunities for revenue growth and profit margin improvement. SinglePoint aims to streamline operations and concentrate on its core business in solar energy and indoor air purification, leveraging federal funding for sustainable solutions.
On February 1, 2023, 1606 Corp (OTC: CBDW) announced a direct marketing campaign aimed at expanding the retail reach of its CBD products, particularly its smokable CBD SINGLZ. The company plans to supply an additional 2,500 retail locations, capitalizing on market gaps left by flavor bans on vaping products. CEO Greg Lambrecht highlighted his extensive retail experience, having worked with over 30,000 stores. The campaign is led by marketing veteran Brent Duskin, who brings a wealth of experience in direct marketing. The CBD market is projected to grow significantly, underscoring the potential for 1606 Corp's expansion efforts.